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A new report shows that venture capitalists invested much more in 2011 than in 2010 -- but that the amount of money going into seed-stage deals plummeted.

Despite a drop in venture capital investment in the third quarter, venture capitalist Jeff Bussgang says he is seeing a surge in entrepreneurial activity. Total dollars invested through venture capital dropped 12 percent in the third quarter of 2011 compared to the previous quarter, according to an October report from Pricewaterhouse Coopers and the National Venture Capital Association. While the venture capital market is up so far this year relative to 2010, the drop-off in the third quarter is likely related to the general uncertainty in financial markets.